Budget 'bad for business' in Qld

Two leading Queensland organisations say the Federal Budget has neglected the struggling business sector.

Federal Treasurer Wayne Swan unveiled the Budget last night, announcing billions of dollars in savings to return the budget to a modest surplus of $1.5 billion in 2012-13.

Chamber of Commerce and Industry Queensland (CCIQ) president David Goodwin says the Federal Government does not seem to understand businesses are the key to providing jobs.

Mr Goodwin says the decision to scrap $4.7 billion worth of company tax cuts is a broken promise.

"We were promised a company tax cut, so we have had a tax cut taken away," he said.

"There has been no relief from the carbon tax announcement.

"There were some hopes the Government would listen to business, would listen to the community, and actually pull back from July 1 starting date.

"[But] nothing on that front and of course we still have got the higher superannuation increases coming through."

Mr Goodwin says the Budget is bad for business.

"The best thing the government can do is actually focus on making the business sector more productive," he said.

"The biggest provider for families is the bosses that employ mums and dads.

"The Budget is ignoring again the biggest provider for all families are the jobs that families have.

"It is a Budget that is very light on for business.

"It is good to see a commitment that we do want to get back in the black.

"But frankly if it's funded just off the back of business - and there is stacks of giveaways and little sugar candy hits for everyone - that will frankly translate to a bit of cheap retail spending and probably some more Chinese stimulus imports."

Meanwhile, Queensland Council of Social Services (QCOSS) spokesman Mark Henley says there should not be so many legislative requirements placed on businesses.

"Everybody would welcome that - I know community service organisations face enormous red tape," he said.